It Took 18 Hours to Complete the First Two Products

question 35

Multiple Choice

It took 18 hours to complete the first two products with an 80% learning curve. How long did the second product take?

• A) 8 hours
• B) 10 hours
• C) 18 hours
• D) 8.1 hours
• E) none of the above

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Definitions:

Compounded Quarterly

Calculation of interest done four times a year, where the interest is added to the principal and each subsequent interest computation is based on the new principal amount.

Compounded Annually

Pertaining to an interest calculation method where interest is added to the principal at the end of each year, and future interest is calculated on the total.

Compounded Annually

An interest calculation method where interest is added to the principal sum once a year, allowing it to earn interest in the subsequent year.

Annuity

A finance tool that disburses a predetermined series of payments, typically to support individuals financially during retirement.